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Paragraph 2 Calculation of principal amount advanced

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In calculating for the purposes of this Schedule the principal amount of any subordinated debt advanced, any deduction of the incidental costs of obtaining finance (within the meaning of section 77 (incidental costs of obtaining loan finance) of the Income and Corporation Taxes Act 1988f1) relating to the advance of that subordinated debt shall be disregarded.

Annotations

Footnotes

f1

1988 c. 1.